Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT REVENUE

  total $58,459,662 · related or exempt $58,459,662

• 2b · Program service revenue: HOME HEALTH & HOSPICE

  total $11,186,683 · related or exempt $11,186,683

• 2c · Program service revenue: SENIOR OPTIONS LLC

  total $3,577,162 · related or exempt $3,577,162

• 2f · All other program service revenue

  total $2,502,396 · related or exempt $2,502,396

• 3 · Investment income

  total $1,852,132 · excluded $1,852,132

• 7a · Gross sales of assets other than inventory

  securities $57,947

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $6,072,974

• 7c · Gain or loss

  securities $57,947 · other assets -$6,072,974

• 7d · Net gain or loss

  total -$6,015,027 · excluded -$6,015,027

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,013,232 · program services $2,470,850 · management and general $542,382

• 7 · Other salaries and wages

  total $30,085,697 · program services $24,742,043 · management and general $5,343,654

• 8 · Pension plan contributions

  total $1,289,850 · program services $1,135,105 · management and general $154,745

• 9 · Other employee benefits

  total $1,782,834 · program services $1,571,671 · management and general $211,163

• 10 · Payroll taxes

  total $2,309,961 · program services $2,026,623 · management and general $283,338

• 11a · Fees: management

  total $255,599 · program services $255,599

• 11b · Fees: legal

  total $258,648 · management and general $258,648

• 11c · Fees: accounting

  total $162,923 · management and general $162,923

• 11g · Fees: other

  total $7,280,542 · program services $5,243,782 · management and general $2,036,760

• 12 · Advertising and promotion

  total $698,618 · program services $344,093 · management and general $354,525

• 13 · Office expenses

  total $345,885 · program services $205,827 · management and general $140,058

• 14 · Information technology

  total $1,961,386 · management and general $1,961,386

• 16 · Occupancy

  total $3,475,510 · program services $2,509,142 · management and general $966,368

• 17 · Travel

  total $268,099 · program services $159,539 · management and general $108,560

• 19 · Conferences, conventions and meetings

  total $69,399 · program services $41,298 · management and general $28,101

• 20 · Interest

  total $3,004,232 · program services $3,004,232

• 22 · Depreciation, depletion and amortization

  total $10,281,274 · program services $7,945,248 · management and general $2,336,026

• 23 · Insurance

  total $1,190,339 · management and general $1,190,339

• 24a · Other expenses: FOOD COSTS

  total $3,202,933 · program services $3,202,933

• 24b · Other expenses: OTHER SUPPLIES

  total $2,267,291 · program services $1,349,205 · management and general $918,086

• 24c · Other expenses: OTHER EXPENSES

  total $1,713,513 · program services $1,019,667 · management and general $693,846

• 24d · Other expenses: EMPLOYEE RELATED EXP

  total $457,295 · program services $138,421 · management and general $318,874

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,614,006 · end of year $12,211,265

• 2 · Savings and temporary cash investments

  beginning of year $23,255 · end of year $114,936

• 4 · Accounts receivable

  beginning of year $3,788,445 · end of year $5,788,673

• 8 · Inventories for sale or use

  beginning of year $801,255 · end of year $826,832

• 9 · Prepaid expenses and deferred charges

  beginning of year $889,262 · end of year $866,929

• 10a · Land, buildings and equipment: cost or other basis

  $314,899,645

• 10b · Land, buildings and equipment: accumulated depreciation

  $126,171,819

• 10c · Land, buildings and equipment, net

  beginning of year $138,301,361 · end of year $188,727,826

• 11 · Investments: publicly traded securities

  beginning of year $35,782,842 · end of year $66,038,361

• 15 · Other assets

  beginning of year $70,199,804 · end of year $448,379,609

• 17 · Accounts payable and accrued expenses

  beginning of year $10,296,905 · end of year $19,275,633

• 19 · Deferred revenue

  beginning of year $127,995,896 · end of year $142,873,578

• 20 · Tax-exempt bond liabilities

  beginning of year $71,481,226 · end of year $490,237,343

• 25 · Other liabilities

  beginning of year $55,040,379 · end of year $64,148,637

• 27 · Net assets without donor restrictions

  beginning of year $2,585,824 · end of year $6,419,240

The filer's explanations (Part III)

PART I, LINE 1B

APPROVED EXPENSE REPORT ALONG WITH SUPPORTING RECEIPTS MUST BE SUBMITTED PRIOR TO REIMBURSEMENT.

PART I, LINE 3

THE POLICY OF THE ORGANIZATION IS TO SET COMPENSATION AT MARKET PAY FOR ALL EMPLOYEES WHO ARE FULLY COMPETENT IN THEIR POSITIONS. MARKET PAY IS DETERMINED BY INDEPENDENT, OUTSIDE EXPERTS. ADDITIONALLY, A SUBSTANTIAL PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS AT-RISK PAY LINKED TO SPECIFIC GOALS AND RESULTS. ADDITIONALLY, THE BOARD PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE CEO CONTINGENT IN PART UPON LONGEVITY OF EMPLOYMENT TO ENCOURAGE RETENTION. TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD'S EXECUTIVE COMMITTEE, ACTING AS A PERSONNEL COMMITTEE, ENGAGES AN INDEPENDENT CONSULTANT WHO SPECIALIZES IN EXECUTIVE COMPENSATION. THE INDEPENDENT CONSULTANT PROVIDES THE EXECUTIVE COMMITTEE COMPENSATION DATA REPRESENTING COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR INDUSTRIES WITH SIMILAR REVENUE AND BUDGET SIZE. THE EXECUTIVE COMMITTEE USES THIS INFORMATION AND THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTANT AS THE BASIS FOR SETTING COMPENSATION.

PART I, LINE 4B

INCLUDED IN THE COMPENSATION OF J. BENJAMIN UNKLE, JR. IS $68,170 FROM A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). FOR DETAILS OF HOW THE ORGANIZATION SETS COMPENSATION, PLEASE SEE THE DESCRIPTION IN THE NOTE FOR PART I, LINE 3.

PART I, LINE 5

SOME OF THE MANAGEMENT STAFF'S BONUSES ARE CONTINGENT ARE HITTING CERTAIN TARGETED REVENUE AMOUNTS

PART I, LINE 6

SOME OF THE MANAGEMENT STAFF'S BONUSES ARE CONTINGENT ARE HITTING CERTAIN TARGETED NET EARNINGS AMOUNTS

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WESTMINSTER-CANTERBURY AT HOME LLC

  HOME HEALTH, HOSPICE AND RELATED COMMUNITY SERVICES · VA · income $11,255,007 · assets $25,719,724

  Directly controlled by WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY

• SENIOR OPTIONS LLC

  HOME HEALTH, HOSPICE AND RELATED COMMUNITY SERVICES · VA · income $3,577,162 · assets $8,948,484

  Directly controlled by WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY

• SO REALTY LLC

  PROPERTY MANAGEMENT · VA · income $215,990 · assets $2,403,317

  Directly controlled by WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY

• CANNABILITY CONSULTING

  HEALTH CONSULTING · VA · income $55,158 · assets $210,041

  Directly controlled by WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY